Home Fed’s Mester: A rate increase may be needed later this year
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Fed’s Mester: A rate increase may be needed later this year

Additional comments from Cleveland Fed President Loretta Mester continue to cross the wires with key quotes, via Reuters, found below.

  • Would be comfortable ending process of running down balance sheet before end of year.
  • She doesn’t think ending balance sheet trimming would have material impact on economy.
  • A rate increase may be needed later this year.
  • Prefers to announce balance sheet plan sooner and not taper.

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